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Foreign exchange market (Participants (Bank and nonbank foreign exchange…
Foreign exchange market
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Suppliers of information ( Bloomberg, Telerate, Reuters)
Foreign exchange market spans the globe, with world trade starting from morning in Sydney and ending in San Francisco and Los Angeles
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Types of transactions
Spot
purchase of a foreign exchange rates with delivery and payment between banks to take place, normally, on the second following business day
Swap
simultaneous purchase and sale of a given amount of a foreign exchange for two different value dates
Forward
requires delivery at a future value date of a specified amount of one currency for a specified amount of another currency
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